SAN FRANCISCO - Twilio Inc. (NYSE: NYSE:TWLO) reported better-than-expected second quarter results and raised its full-year outlook, sending shares up 6% in after-hours trading on Thursday.
The customer engagement platform posted adjusted earnings per share of $0.87, surpassing analyst estimates of $0.70. Revenue grew 4% YoY to $1.08 billion, topping the consensus forecast of $1.06 billion. Organic revenue growth, which excludes divested businesses, was 7% YoY.
"We are running the business with increased rigor and discipline, as evidenced by a record quarter of revenue and non-GAAP income from operations, as well as another quarter of strong cash generation," said Khozema Shipchandler, CEO of Twilio.
For the third quarter, Twilio expects adjusted EPS of $0.81-$0.86 on revenue of $1.085-$1.095 billion, above analyst projections for EPS of $0.73 on revenue of $1.094 billion.
The company raised its full-year 2024 guidance, now forecasting non-GAAP income from operations of $650-$675 million, up from its previous outlook of $585-$635 million. Twilio also narrowed its organic revenue growth forecast to 6-7% for the year, compared to 5-10% previously.
Twilio ended the quarter with over 316,000 active customer accounts, up from 304,000 a year ago. The company's dollar-based net expansion rate was 102%, down slightly from 103% in Q2 2023.
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